Become a Certified Financial Modeling & Valuation Analyst (FMVA)

Join 850,000+ finance professionals who work for companies like Goldman Sachs, J.P. Morgan, and BlackRock

Boost your knowledge and skills

Study online at your own pace

Get certified in just a few months


Program Overview

Analyzing Data

100 % 

Online Learning


Total courses (14 required)

Taught by Industry Experts

Learn from the best

Learn at Your Own Pace

With videos, exercises and quizzes


Average CFI graduate salary

Receive a Certificate

Verify your financial skills

2-Year Access

To our course libary

120 +

Downloadable templates

6 Months

Average completion time


How the FMVA Program Works

Accounting Fundamentals


2.5 hours

Capital IQ Fundamentals


2 hours

Excel Crash Course - 


3.5 hours

Step 1: Prep Courses  Optional


To prepare for the program, take our 8 optional prep courses to learn or review the fundamentals.

Financial Modeling Templates


0 hours

Introduction to Corporate Finance


2.5 hours

Macabacus Essentials


1.5 hours

Math for Corporate Finance


2.5 hours

Reading Financial Statements


1.5 hours

Accounting Principles and Standards


2.5 hours

Budgeting and Forecasting


7 hours

Building a 3 Statement Financial Model


5.5 hours

Step 2: Core Courses  


Complete 11 core courses to build a strong foundation in financial modeling and valuation.

Business Valuation Modeling Part I


7.5 hours

Business Valuation Modeling Part II


5.5 hours

Dashboards & Data Visualization


6 hours

Financial Analysis Fundamentals


6.5 hours

FP&A Monthly Cash Flow Forecast Model


3 hours

PowerPoint & Pitchbooks


7.5 hours

Professional Ethics


3 hours

Scenario & Sensitivity Analysis in Excel


2.5 hours

Advanced Excel Formulas Course


6.5 hours

Corporate & Business Strategy


7.5 hours

Excel VBA for Finance


7.5 hours

Step 3: Elective Courses  


Choose a minimum of 3 electives (out of 10 available) to explore more advanced topics and specialized subjects.

Leveraged Buyout LBO Modeling


11 hours

Mergers & Acquisitions (M&A) Modeling


8 hours

Mining Financial Model & Valuation


5 hours

Real Estate Financial Modeling


6.5 hours

Renewable Energy - Solar Financial Modeling Course


6.5 hours

Startup / e-Commerce Financial Model & Valuation Course


6.5 hours

The Amazon Case Study


13 hours

Step 4: Final Exam  


After completing the required courses, take the FMVA® final exam (with a minimum passing grade of 70%) to earn your program certification.

Step 5: Get FMVA Certified  


Congratulations! Upon completion of the program, you will receive a block-chain digital certificate with your new credentials. You also have the option to order a physical certificate to be mailed to your door.

*The steps recommended above are for individual learners. For customized learning solutions for your team,
please visit CFI for Business page to contact us.


FMVA Skill Categories & Learning Objectives

White Fabric
  • Identify key items on the financial statements and describe the interrelationship between all the components

  • Explain the fundamental accounting principles that underly detailed accounting standards

  • Identify the key accounting standards commonly encountered by financial analysts and explain the impact on financial statements and financial models


  • Build a dynamic, logically designed, well structured 3-statement financial model

  • Create multi-year forecasts for the income statement, cash flow, and balance sheet

  • Perform scenario and sensitivity analyses to enhance the robustness of the financial model



  • Utilize the keyboard shortcuts to save time and be more efficient in Excel

  • Conduct data analysis using data tables, pivot tables, and other common functions

  • Use advanced formulas and functions to enhance the functionality of financial models


  • Identify the different valuation methodologies and discuss the pros and cons of each

  • Perform a valuation analysis using comparable company and precedent transactions analysis

  • Calculate the weighted-average cost of capital and construct a DCF model in Excel


  • Explain key concepts around capital investments, the capital-raising process, different forms of financing, and the optimal capital structure.

  • Assess the profitability, efficiency, returns, and value of a business using common financial ratios and analytical tools.

  • Use key statistical measures to assess trends and relationships within sets of data.


  • Apply various forecasting techniques to develop a robust financial forecast

  • Track actual performance against budgeted amounts using variance analysis and other techniques

  • Analyze the impact of a variance analysis on the financial statements and use the results to improve the budgeting process

Budgeting &


  • Create insightful dashboards and advance data visualization techniques to communicate the results of financial analysis

  • Create aesthetically pleasing and insightful charts, graphs, and tables in Excel

  • Design impactful presentations to communicate key messages to a wide variety of audiences


& Visuals

  • Differentiate between the different levels of a company’s strategy

  • Perform an analysis of external forces and internal competencies and assess the impact on a company’s competitive advantage

  • Generate, evaluate and select optimal strategic alternatives and tie these to a company’s mission, vision, and goals



Career Options with FMVA

Investment Banking

Provide capital market financing and financial advisory services (e.g. M&A, restructurings).

Equity Research

Provide investors with financial analysis and recommendations on whether to buy, hold, or sell a particular investment.


Financial Planning & Analysis

Develop budgets and forecasts that support a corporation’s strategic planning process.

Corporate Development

Pursue and execute organic and inorganic growth opportunities for a corporation.

Private Equity

Invest in businesses with the goal of increasing their value over time before divesting of the investment.


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Get Certified in
Financial Modeling (FMVA)